A DealStream™ Service

20 Acre Parcel for Sale - Oil & Gas Property

Newhall, California - United States •
Asking Price
$19,100,000

Mining, Quarrying, Oil and Gas, Minerals: Oil and Gas Exploration

Description

20 Acres of land in Los Angeles County rich with minerals and proven reserves.Production history records available and filed with the Los Angeles county Oil & Gas Division.Oil & Gas Properties For Includes:9 capped Idle oil wells with Proven Reserves & natural gas. These idle wells are grandfathered in since the 1850's.Asking $19 Mill OBO Seller will consider carrying back Paved road & Direct access. 14 & 5 Freeways, Placerita Canyon Exit. Appraisal value was $74 million for the oil only.Natural gas deposits alone worth more than the oil. Visible gas bubbles 24 hours per day.A huge lake underneath the land.30 years of production reports filed & available with the Los Angeles County Dept of energy and oil.

You bring your geochemical appraiser and make an offer. lots of mining near areas.The chromatograph shows a concentration between c7- c15 meaning this is very close to diesel & gasoline. Seller will consider to carry-back. Sold As IsNo current production

Production History:• Already produced over 116.1 Million barrels of oil and 97.6 Billion cubic feet of gas & there's plenty more.• 102 years of production history. • New technology and higher price of oil should justify cost to drill & complete

Reports available:Appraisal dated August 11th, 2011 & 2013 $74 MILWell history certifications reports from State of California dated 2009Well summary report from US Dept of Oil & Gas dated August 24, 1981Log and Core records of oil and gas wells report from US Dept of OilThere are only State of CA estimates of the BOE/acre foot; there is no current third party reserve reportThere is no estimate of the cost to drill & complete supported by engineering studyThere is no estimate of LOE- No current production.

Disclaimer: Nothing in this email communication is meant to be a solicitation to buy or sell any security mentioned herein and appears as a matter of public announcement. Seller does not offer any warranties, guarantees or indemnifications. Buyer to conduct its own appraisals & due diligence.We can provide answers to your questions

Seeking a trading shell for equity.
20 Acres Of Land in Los Angeles county with 6 capped oil wells and gas minerals.
Free & clear. 6 Plus idle wells & Natural gas.
102 years of production history.
Value $60 Million Richest in Oil & gas minerals with 102 years of production history & other minerals
These...

20 acres of Oil & Gas Properties in Los Angeles county with a long history of oil production until 1974.
Produced over 116.1 Million barrels of oil & 97.6 Billion cubic feet of gas. 20 Acres of Oil & Gas Leases in Los Angeles County, California.
Seller with consider mining and drilling
Asking...

This prospect is 2,045 with 75% WI and 80% NRI acres in Kern, County California. This is a production deal with no drilling risk. There are currently 12 wells drilled on the lease. The lease is currently producing approx 180 BOPM from 3 wells. The development plan is to rework all 12 wells and the upside...

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